STAND. COM. REP. NO.  782

 

Honolulu, Hawaii

                , 2015

 

RE:   H.B. No. 240

      H.D. 1

 

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Eighth State Legislature

Regular Session of 2015

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred H.B. No. 240 entitled:

 

"A BILL FOR AN ACT RELATING TO SEAWATER AIR CONDITIONING,"

 

begs leave to report as follows:

 

     The purpose of this measure is to support the development of renewable and efficient energy systems in the State by expanding the types of businesses qualifying for business incentives under the state enterprise zone law to include businesses that provide air conditioning project services from seawater air conditioning district cooling systems.

 

     Honolulu Seawater Air Conditioning, LLC; Ulupono Initiative; and Blue Planet Foundation provided testimony in support of this measure.  The Department of the Attorney General; Department of Taxation; Department of Business, Economic Development & Tourism; and Tax Foundation of Hawaii provided comments on this measure.

 

     Your Committee has amended this measure by:

 

(1)  Changing its effective date to July 1, 2030, to facilitate discussion; and

 

(2)  Making technical, nonsubstantive amendments for the purposes of clarity, consistency, and style.

 

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 240, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 240, H.D. 1.

 

Respectfully submitted on behalf of the members of the Committee on Finance,

 

 

 

 

____________________________

SYLVIA LUKE, Chair